Predicting the Best Cryptocurrencies to Invest In for August 2020

Right now, as we approach August 2020, it seems that any cryptocurrency investment could be a wise move. The crypto market has seen significant fluctuations, with Bitcoin and other altcoins experiencing highs and lows. However, with a strategic approach and thorough research, it is possible to identify promising investments for the near future. In this article, I dive into my recent picks for cryptocurrencies that I believe are not yet pumped and offer substantial growth potential.

Why Wait for Future Purchases?

Given the current market conditions, it might seem prudent to wait for the next rally or a more favorable time. However, the cryptocurrency market is often unpredictable, and timing can be a risky endeavor. By diving into deep research and analysis, we can identify opportunities that align with both the current market trends and future potential. Instead of waiting for a specific year, such as 2021, we can focus on identifying under-the-radar projects that are set to grow significantly in 2020.

My Five Cryptocurrency Picks for 2020

I have carefully selected five cryptocurrencies that are not yet heavily pumped and are expected to offer substantial value over the coming months. These choices are based on a combination of market research, development potential, and community support. Here’s a closer look at each:

Dusk Network

Dusk Network is a platform designed to facilitate the building of decentralized financial (DeFi) projects during the hype cycle for DeFi. It is a fair pick because it is heavily focused on providing a robust and secure foundation for DeFi applications. Dusk’s innovative technology and community-driven development make it a strong contender in the DeFi space.

Celer Network

Celer Network is poised to revolutionize the financial system by enabling extremely fast transactions. Unlike traditional payment systems like Visa and MasterCard, which can handle only a few thousands of transactions per second, Celer is capable of processing billions of transactions per second. Additionally, it offers reduced latency, addressing one of the key issues facing financial systems today. This makes Celer a compelling investment opportunity for those interested in high-speed and efficient financial solutions.

FOAM

FOAM aims to become a strong competitor to Google Maps, offering more precise, community-driven, and decentralized maps with indoor tracking capabilities. Its privacy features and decentralized nature make it an ideal choice for users who value their privacy and security. The ability to control who can access your location data and the community-driven nature of the map are significant advantages.

VIDT

VIDT is focused on creating a robust fingerprinting system for documents. With no alterations, the system ensures that any document remains immutable. If there is any question about the authenticity of a document, you can upload the original and instantly verify its integrity. This technology is particularly useful in the digital world, where document security is critical.

Arweave

Arweave is backed by significant investments and has a market cap of approximately $138 million, despite the project’s immense potential for archiving data permanently. While similar projects like Sia existed, none have matched Arweave’s user experience and ease of use. Integrating Arweave as a browser extension means that anyone can save web pages permanently, ensuring they remain accessible for generations to come.

These picks were derived from extensive research and analysis, and I hope that my ideas prove useful for you as you navigate the complex and exciting world of cryptocurrency investments. By focusing on under-the-radar projects with strong potential, we can increase the likelihood of achieving substantial returns.

Thank you for considering my insights, and I wish you great success in your trading endeavors.